Deutsche Bank AG reissued their buy rating on shares of Alphabet Inc. (NASDAQ:GOOG) in a report published on Wednesday. Deutsche Bank AG currently has a $1,050.00 price target on the stock.

A number of other equities analysts have also weighed in on the stock. Credit Agricole SA reissued a buy rating on shares of Alphabet in a research report on Friday, September 23rd. Macquarie reissued an outperform rating and issued a $975.00 price objective on shares of Alphabet in a research report on Wednesday, October 5th. RBC Capital Markets reissued an outperform rating and issued a $1,025.00 price objective (up previously from $1,000.00) on shares of Alphabet in a research report on Friday, September 30th. Jefferies Group reissued a buy rating on shares of Alphabet in a research report on Friday, September 9th. Finally, Robert W. Baird reissued an outperform rating and issued a $900.00 price objective on shares of Alphabet in a research report on Wednesday, October 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, forty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $926.55.

Alphabet (NASDAQ:GOOG) opened at 778.53 on Wednesday. The stock has a market cap of $535.06 billion, a PE ratio of 30.17 and a beta of 1.03. Alphabet has a 12 month low of $641.73 and a 12 month high of $792.28. The firm has a 50-day moving average of $774.66 and a 200 day moving average of $741.88.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, July 28th. The company reported $8.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.03 by $0.39. Alphabet had a net margin of 22.00% and a return on equity of 14.74%. The company had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $20.74 billion. During the same quarter in the prior year, the firm earned $6.99 earnings per share. The company’s revenue for the quarter was up 21.3% compared to the same quarter last year. Analysts anticipate that Alphabet will post $34.14 EPS for the current year.

In related news, CEO Lawrence Page sold 33,340 shares of the stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $785.88, for a total value of $26,201,239.20. Following the sale, the chief executive officer now owns 20,703,788 shares of the company’s stock, valued at approximately $16,270,692,913.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Sergey Brin sold 66,664 shares of the stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $785.10, for a total transaction of $52,337,906.40. Following the completion of the sale, the insider now directly owns 28,200 shares in the company, valued at approximately $22,139,820. The disclosure for this sale can be found here. 13.92% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in GOOG. John G Ullman & Associates Inc. boosted its position in Alphabet by 6.2% in the first quarter. John G Ullman & Associates Inc. now owns 1,851 shares of the company’s stock valued at $1,379,000 after buying an additional 108 shares during the last quarter. Telemus Capital LLC boosted its position in Alphabet by 720.1% in the first quarter. Telemus Capital LLC now owns 8,504 shares of the company’s stock valued at $6,335,000 after buying an additional 7,467 shares during the last quarter. Factory Mutual Insurance Co. bought a new position in Alphabet during the first quarter valued at approximately $109,513,000. Sanders Morris Harris Inc. bought a new position in Alphabet during the first quarter valued at approximately $1,054,000. Finally, Investment Centers of America Inc. boosted its position in Alphabet by 141.7% in the first quarter. Investment Centers of America Inc. now owns 1,368 shares of the company’s stock valued at $1,005,000 after buying an additional 802 shares during the last quarter. 34.39% of the stock is currently owned by institutional investors and hedge funds.